Lauren Snyders
06 July 2012
July marks national savings month and the South African Savings Institute said that citizens need to take charge of their lives by saving.
South Africa ranks 72nd on the World Economic Forum in the world for its gross national savings rate, equivalent to 20% of the GDP.
SA is ranked behind 13 African countries which include Namibia, Botswana and Lesotho.
The Saving Institutes CEO Elizabeth Lwanga-Nanziri said they wanted all the financial sector players to come together this once in a year to focus only on helping consumers, teaching them how to manage their finances.
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